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First Albert Heijn in real estate portfolio

Today Forum Estates NV – GVBF adds a first Albert Heijn to its rapidly growing portfolio of supermarket real estate. This Albert Heijn is located in Hoboken, Antwerp and was one of the first locations in Belgium where Albert Heijn started its expansion. In addition to its wide range of good price/quality products with ethnic products, Albert Heijn cleverly responds to the specific demand from the vibrant ‘Kiel’ neighborhood in Antwerp. This makes this store a very busy local neighborhood supermarket.

Albert Heijn rents 2,250 m², and has 150 parking spaces, shared with the nearby Kruidvat and Maxi Zoo stores. A large part of the building is new construction, while another part has been converted specifically for Albert Heijn’s needs. This acquisition generates an additional annual rental income of approximately EUR 250,000.

The ‘backbone’ of the portfolio consists of supermarkets leased to Carrefour, Spar-Colruyt, Mestdagh Carrefour, Lidl and Delhaize. With this acquisition, Forum Estates once again strengthens its DNA as an e-commerce and pandemic-resistant supermarket real estate fund. More information about Forum Estates’ strategy can be found in the Digest.

In the coming weeks, a number of important acquisitions and a 12th capital increase will take place to successfully end the year. More information on these acquisitions will follow.

30 October 2020